ANET (ANET)

Financial Metrics & Valuation Analysis

Enterprise Valuation (TTM)

Enterprise Value$224.30B
EV / Sales23.10
EV / EBITDA48.26
EV / Operating Cash Flow41.36
EV / Free Cash Flow42.50

Return Metrics (TTM)

Return on Equity (ROE)30.58%
Return on Assets (ROA)17.18%
Return on Invested Capital (ROIC)22.43%
Return on Capital Employed (ROCE)27.52%

Yield Metrics

Earnings Yield1.64%
Free Cash Flow Yield2.32%

Balance Sheet Strength

Net Debt / EBITDA-0.60
Current Ratio2.83
Working Capital$12.00B
Tangible Asset Value$12.80B
Net Current Asset Value$10.39B

Working Capital Efficiency

Days Sales Outstanding72.32
Days Payables Outstanding62.72
Operating Cycle (Days)317.68
Cash Conversion Cycle254.96

Capital Allocation

CapEx / Revenue1.50%
CapEx / Operating Cash Flow2.68%
R&D / Revenue13.54%
SG&A / Revenue7.21%

Fiscal Year 2025 Ratios

Audited annual results as of 2025-12-31

Margins

Gross Profit Margin64.06%
Operating Margin42.82%
Net Profit Margin38.99%

Solvency

Debt / Equity0.00
Quick Ratio2.63
Cash Ratio0.37

Per Share

Revenue / Share$7.16
FCF / Share$3.38
PE Ratio46.96